Canadian Dollar (CAD)
The Canadian Dollar weakened versus the U.S Dollar on Friday as Crude prices remained relatively lower and weak U.S data had negative influence on risk appetite. Canadian Current Account came out better at -11.2B versus -11.9B expected and -7.7B prior. RMPI came out better at -3.8% versus -4.9% forecast and IPPI came out at -0.5% as expected. Overall, USD/CAD traded with a low of 1.0791 and with a high of 1.0936. Today, The Canadian GDP will be released and is expected to rise by 0.2% versus a contraction of -0.5% prior.